Opportunity Title:
Powering Affordable Clean Energy PACE Program
Opportunity Number:
RUS–23–ELECTRIC–0003
Description:
The Powering Affordable Clean Energy (PACE) program is part of the Inflation Reduction Act, which represents the largest investment in rural electrification since President Franklin Delano Roosevelt signed the Rural Electrification Act into law in 1936. With $1 billion in funding, PACE helps make clean, affordable, and reliable energy accessible to the people of rural America.
Under PACE, USDA Rural Development’s Rural Utilities Service (RUS) will forgive up to 60 percent of loans for renewable energy projects that use wind, solar, hydropower, geothermal, or biomass, as well as for renewable energy storage projects.
PACE funding makes it more affordable for rural Americans to use clean, reliable energy to heat and cool their homes, run their businesses, and power their cars, schools, and hospitals.
Eligibility:
Corporations, states, and territories, along with their subdivisions and agencies Municipalities Utility districts Cooperatives Nonprofits Indian Tribes Alaska Native, regional, or village corporations Limited Liability Companies or other for-profit entities organized under the laws of any U.S. state or territory.
Total Amount Available:
$1,000,000,000
Application Deadline:
Pre-Applications due September 29, 2023
An applicant that is invited by RUS to proceed with the loan Application will have 60 days, or a time agreeable to the Agency, to complete and submit a loan Application beginning from the date the Invitation to Proceed is emailed to the PACE Applicant.
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.